Building Details

Building Size 9,016 SF

Year Built 2005

Year Renovated 2025

Tenancy Single

Listing Agency: Coldwell Banker Commercial Capital Advisors

Listed By: Alex Eberhardt Show Phone

Source: Cbcworldwide

Added: Feb 18 Changed: Oct 4 Last Checked: Oct 14 at 7:43PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Capital Advisors

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Investment Insights

Based on property information with market context.

This storefront property is occupied by Dollar General and was built in 2005. Exterior improvements include stucco replacement and a new metal roof, both completed in 2025. The building is positioned for retail operations with direct exposure to Slide Road and access near 114th Street.

The property sits within southwest Lubbock’s expanding commercial and residential area. Nearby retail and service destinations include United Supermarkets, H-E-B, Starbucks, Walgreens, Wendy's, HTeaO, and The Plaza Restaurant. University Medical Center is located across the street, adding a nearby healthcare presence to the surrounding trade area.

Key Highlights

• Dollar General storefront property built in 2005
• Stucco replaced in 2025
• Metal roof replaced in 2025

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,095

Cap Rate

5.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,741,900 $1.7M

Cap Rate 7%

$1,244,214 $1.2M

Cap Rate 9%

$967,722 $967.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,016 SF

Gross rent

$135.2K $15.00/SF

− Vacancy

−$10.8K −$1.20/SF

EGI

$124.4K $13.80/SF

− OpEx

−$37.3K −$4.14/SF

NOI

$87.1K $9.66/SF

Area

Lubbock, TX

Vacancy

8.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,741,900

Cap Rate 7%

$1,244,214

Cap Rate 9%

$967,722

Alternative Uses

Best Use

Retail

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $87,095 @ 7.0% cap · market cap 5.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.27M

$1.99M – $2.65M (±1% cap)

NOI $159,107 @ 7.0% cap · market cap 9.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop Restaurant Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

374

Businesses Nearby

118k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 88% Shops & Services 8% Home Improvements & Furnishings 1% Electronics 1%

SONIC Drive In Dining

19,170 visits/mo 0.2 miles

Taco Villa Dining

15,691 visits/mo 0.3 miles

Starbucks Dining

13,045 visits/mo 0.5 miles

Summer Moon Coffee Dining

9,149 visits/mo 0.4 miles

Wendy's Dining

8,690 visits/mo 0.4 miles

Demographics for 79424, TX

53,479

Population

22,800

Households

2.3

Avg Household Size

38

Median Age

47%

College-Educated

95%

High-School Grad

41.6 sq mi

ZIP Area

1,286

Density / Sq Mi

$94,703

Median Household Income

$52,417

Median Earnings

$1,151

Median Rent

$279,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Retail building positioned on Slide Road near 114th Street with access along a major north-south commercial corridor.

Where is this storefront property located?

The property is located at 10404 Slide Rd Lubbock, TX.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Dollar General storefront property built in 2005; Stucco replaced in 2025; Metal roof replaced in 2025